Cargo theft poses a significant financial challenge, amounting to an estimated $15 billion to $35 billion annually as reported by the National Insurance Crime Bureau. An alarming fact is that less than 20% of stolen cargo is ever successfully recovered.
Addressing this critical issue head-on, ELD Mandate took a pioneering step last year by launching our cutting-edge Asset Tracker into the market. The response to this innovation has been overwhelmingly positive, reflecting the trust that fleet managers nationwide place in us for their trucking technology needs.
Our dedicated software team has been diligently working to integrate a near real-time tracking capability into our solution. This pivotal feature not only empowers our clients in the event of theft but also offers invaluable insights into the precise whereabouts of their trucks at all times. Following rigorous testing and incorporating user feedback, we are thrilled to announce the rollout of Near Live Tracking for all existing customers. This enhancement comes at no extra cost and requires no additional hardware. It is automatically available to all purchasers of our Asset Tracker.
To access the near real-time tracking feature, simply log in to the back-end portal through the Asset Tracker Portal link provided. Once logged in, select the desired asset and click on the "Near Live Tracking" option. Initially, the system will pinpoint the asset's current location, followed by continuous updates showcasing its location in near real time. This functionality proves indispensable for swiftly recovering stolen cargo and conveniently monitoring the precise location of trucks or trailers. Now, from the convenience of a computer or smartphone, our customers can seamlessly track their assets in near real time.
At ELD Mandate, our commitment to collaborating with our customers and delivering impactful features remains unwavering. We are excited to unveil further innovations in the pipeline throughout 2023. The introduction of Near Real-Time tracking not only adds an extra layer of security but also fosters the peace of mind that truly matters to our valued customers.
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